Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 581086203 belongs to NKGSB Co-operative Bank, Badd branch in Karwar, Karnataka. The matching IFSC code is NKGS0000099.
How to read MICR 581086203
581: the city code. It usually follows the first digits of the area's PIN code; here it is Karwar.
086: the bank code, the same for every branch of NKGSB Co-operative Bank in cheque clearing.
203: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (NKGS0000099 for this branch).
Before you deposit or write a cheque
Check that the MICR on the cheque matches the branch printed at the top of the leaf.
Use a CTS-2010 cheque; older formats are no longer cleared.
Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 581086203 belong to?
NKGSB Co-operative Bank, Badd branch (Karwar, Karnataka).
What is the IFSC code for MICR 581086203?
NKGS0000099.
What do the digits of 581086203 mean?
581 is the city code, 086 the bank code and 203 the branch code.
